NFA Allows Form PF to Satisfy Certain Filing Requirements
The National Futures Association has streamlined its quarterly filing requirements for Commodity Pool Operators. CPOs that file a Form PF in lieu of CFTC Form PQR (which includes similar fund information) have until 60 days after the relevant quarter to file NFA Form PQR and 90 days after the close of the year to file the form and a Schedule of Investments. The NFA will also allow certain CFTC PQR filing to satisfy similar NFA requirements.
OUR TAKE: Most important is that new commodity pool operators (i.e. recently registered because of the narrowed exemptions) know they have quarterly filing requirements with CFTC and NFA.